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PUTRAJAYA – Prime Minister Datuk Seri Najib Tun Razak said Malaysia will become a country with deficit without collecting RM45 billion in revenue through the implementation of the goods and services tax (GST). Najib, who is also Finance Minister, said without the GST, the country was unlikely to be able to collect a revenue of…

PUTRAJAYA – Prime Minister Datuk Seri Najib Tun Razak said the Goods and Services Tax can save the country during an economic downturn. Najib, who is also the Finance Minister, said the GST was introduced not to burden the people but to be a national economic saviour. Speaking at the 36th World Customs Day 2018…

KUALA LUMPUR – The increase in the prices of goods and services in the country is influenced by various factors and is not due to the implementation of the Goods and Services Tax (GST), said Deputy Finance Minister Datuk Othman Aziz. He said the inputs for the determination of the prices of goods did not…

KUALA LUMPUR – The increase in the prices of goods and services in the country is influenced by various factors and is not due to the implementation of the Goods and Services Tax (GST), said Deputy Finance Minister Datuk Othman Aziz. He said the inputs for the determination of the prices of goods did…

KUALA LUMPUR– Prime Minister Datuk Seri Najib Tun Razak has refuted the claim that implementation of the Goods and Services Tax (GST) was to pay for 1Malaysia Development Bhd (1MDB). Calling it an absolute lie, the Prime Minister in a statement titled, “My Economic Vision For Malaysia” today, said 1MDB in fact played a key…

ALOR SETAR – A director of a construction company was today ordered to pay fine, totalling RM6,000, on six counts of failing to submit the company’s Goods and Services Tax (GST) statements to the Malaysian Customs Director-General. Sessions Court judgeAzman Abu Hassan meted out the fine of RM1,000 on each count, in default three months’ jail, after Iliasco…

PUTRAJAYA – The opposition’s promise to remove the Goods and Services Tax (GST) if they win in the 14th general election (GE14) has been dismissed as mere rhetoric without explaining the measures they would take to balance the budget deficit and government projects financing. Minister in the Prime Minister’s Department, Datuk Seri Abdul Rahman Dahlan said the people would want Pakatan Harapan (opposition coalition) to explain ways…

KUALA LUMPUR – The Royal Malaysian Customs Department (RMCD) said it was cancelling the goods and services tax (GST) on over 60 food items, due to be enforced on July 1, after referring to the Finance Ministry. “Following consultation, it was decided to annul the “Goods and Services Tax (Zero Rated Supplies) Order 2014 (Amendment)…

KUALA LUMPUR – The introduction of subsidy rationalisation, coupled with the Good and Services Tax (GST), are productive and progressive measures that have paid off, said Prime Minister Datuk Seri Najib Tun Razak. He said despite the challenging global times and the fall in oil prices, Malaysia has managed to sustain growth of 4.2 per…

JOHOR BAHRU – Two directors of a used-car company pleaded not guilty in the Sessions Court here today to 15 counts of failing to submit the Goods and Services Tax (GST) statements to the Royal Customs Department. Mohd Dani Firdaus Sulaiman, 35, and his father, Sulaiman Hussin, 61, made the plea after the charges were…

ORT DICKSON: Malaysia’s implementation of the Goods and Services Tax (GST), which has enabled the authorities to raise RM41bil last year, is not as “burdensome” as that in other countries, says Datuk Seri Najib Tun Razak. He said countries like India would have a drastic GST regime when it imposes up to 23% tax on…

KOTA KINABALU – The government, via the Royal Malaysian Customs Department, expects to collect RM42 billion in goods and services tax (GST) this year compared to RM41 billion last year, said Deputy Finance Minister, Datuk Othman Aziz. Othman said the target could be achieved through the cooperation of all parties in the face of worldwide…

JOHOR BARU: The Customs Department is changing its strategy and using a “friendlier” approach to get businesses to comply with the goods and services tax (GST) regulations. Deputy director-general (enforcement and compliance) Datuk T. Subromaniam said the new approach was being used in operations conducted under the Customs Blue Ocean Strategy (CBOS) where enforcement officers…

KUALA LUMPUR – The goods and services tax (GST), which was introduced last year, has been a saviour of the country’s economy as the fall in crude oil prices cast global uncertainties and threw most economies into turmoil. In fact, the GST has helped Malaysia cope with the loss in its oil revenue. Prime Minister…

KUALA LUMPUR – The special refund scheme for the Goods and Services Tax (GST) was properly conducted by the Royal Malaysian Customs Department (RMCD), the 2015 Auditor General Report (Series 2) revealed today. It said, however, some weaknesses, including inefficient management of special refund claims and lax reviewing and approving of applications, were found during…

KUALA LUMPUR – Goods and services tax (GST) collection of RM32.71 billion was recorded up to October 31 this year while M27,012 billion was recorded from April 1, 2015 until Oct 31, 2015. According to the Finance Ministry, all tax revenue was placed under the Consolidated Fund with direct taxes and indirect taxes collected by…

KUALA LUMPUR: Malaysia is keen to expand ties with its biggest trading partner China to include cooperation in digital economy, as it enters the “Year of Internet Economy” next year. Prime Minister Datuk Seri Najib Tun Razak said Malaysia has much to learn from China’s advancement in Internet technology. “I encourage collaborations and cooperation in…

KUALA LUMPUR – The government had never planned to abolish the Goods and Services Tax (GST), which was implemented on April 1, 2015 in a bid to restructure the nation’s consumption tax system to make it more transparent and efficient, said Datuk Johari Abdul Ghani. “The GST that came into force has taken into account…

KUALA LUMPUR: The Goods and Services Tax (GST) is the saviour of the Malaysian economy, says Datuk Seri Najib Tun Razak. The Prime Minister said this during a question and answer session in the Dewan Rakyat on Monday where he said the national economy would crash without GST. “This is a negative interpretation by the…

IPOH – Cosmetic millionairess Datuk Seri Dr Hasmiza Othman, or better known as Datuk Seri Vida, was charged in the Sessions Court here today with 32 charges under the Goods and Services Tax (GST) Act 2014. However, she pleaded not guilty to all the charges after they were read out to her before judge Murtazadi…

IPOH – A telecommunications company owner pleaded guilty in the Sessions Court here today to eight counts of failing to submit Goods and Services Tax (GST) statements to the Royal Customs Department. Wong Kean Yik, 35, who is also Sun Yi Telecommunication Trading director, made the plea after the charges were read out to him…

PUTRAJAYA: The implementation of the Goods and Services Tax (GST) and the rationalisation of subsidies gave the Government income to spend in times of economic uncertainty, said Datuk Seri Najib Tun Razak (pic). The Prime Minister said these â€œproactive measuresâ€ had enabled the Government to still give civil servants a pay rise and build the…

KUALA LUMPUR – The government spent almost RM300 million towards implementation of the Goods and Services Tax (GST)on April 1, 2015. This amount covered training grants, GST-compliant accounting software for small and medium scale enterprises (SME)s, as well as development of the MyGST system. The Ministry of Finance in a written reply in the Dewan…

KUALA LUMPUR: The Government has no plans to review the Goods and Services Tax (GST) rate as the current 6% is reasonable, the Dewan Rakyat was told Thursday. Deputy Finance Minister Datuk Johari Abdul Ghani said prior to implementation of the GST, a detailed study had been made, to ensure the rate was suitable to…

PUTRAJAYA – Failure to pay the Goods and Services Tax (GST) due by Jan 31 will incur a penalty of between five and 25 per cent of the amount of the tax. Customs director-general Datuk Seri Khazali Ahmad said this was in line with the amendments made to Section 41 of the Goods and Services…

PETALING JAYA – The Malaysian economy is very stable and among the contributing factors is the implementation of the Goods and Services Tax (GST) in April last year, said Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also the Finance Minister, said the Customs Department had collected more than RM51 billion in revenue…

PUTRAJAYA – Prime Minister Datuk Seri Najib Tun Razak today announced that the rate of the Goods and Services Tax (GST) will be maintained at the current six per cent. GST was introduced on April 1, 2015. The premier today announced the recalibration of the 2016 Budget in line with the challenges in the global…

PUTRAJAYA: An increase in the Goods and Services Tax rate is not “on board” as the Government looks for measures to sustain the economy following the drop in oil prices, says Datuk Seri Najib Tun Razak. The Prime Minister said this was not being considered as the Government felt that the people would not be…

PUTRAJAYA – The government is not envisaging any increase in the Goods and Services Tax (GST), says Prime Minister Datuk Seri Najib Tun Razak. Najib, who is also Finance Minister, said the government at this stage was taking into consideration the welfare and ability of the people. “I don’t think the people have the capacity…